STEAL My $10K Iron Condor Trading Plan (From Entry to Exit)

Get Your Copy of The Options Income Blueprint For FREE:

Want a complete step-by-step trading plan to trade Iron Condors?

Then use this 7-Step Iron Condor Trading Plan I've created just for you.

Other videos you might be interested in...

2) Consistent Income With The Iron Condor:

#optiontradingforbeginners #optiontradingstrategies #ironcondor

Please subscribe & hit the notification bells for more videos like this just for you:

Join this channel to get access to perks:

[optionswithdavis]

Get Your Copy of My Strategy Blueprints For FREE:

[LMF-ctlt]

Outstanding explanation Davis. Instead of over analyzing, use the simplified method that trading experts have already figured out. Your videos are the best!

[lonewasian]

Thank you for another great video Davis! You nailed it on Step 7. Before you ever enter a trade, know when the hell you're gonna get out!

[bouwesprey]

Hello Davis,

I don't really understand why I should look at the chart when delta 16-20 will always give you the right spot for the sell options...

[michaelmickle]

Love these Davis! You’re the Master Spread Trader!!

[xunlinkx]

Thanks for the guide. I follow all your stuff just for confirmation of my own strategies, but I gotta ask what’s in it for you? Lol - your content is awesome and I get your newsletter which leads to your YT.. but how can we help support you more?

[AJFOG]

Another great video Davis.I have 3 questions I noticed you use 20-30 delta for bull put spread and 16-20 for IC. Are you strictly following TT study or are you willing to take slightly more risk on the bull put spread b/c market travels higher over time and you would be getting less premium if you chose the smaller delta like IC? Also, in general, if you choose a 1-5% risk per trade, what portfolio risk would you be taking on if you had several trades on at once? Lastly, strategy wise, are you scanning your watch list and put on bull put, bear call and IC based upon where the stocks in your watch list are in relation to the stochastics trading range? I’ve only done CC’s and cash secured puts and have gotten burned too many times. Wheel strategy is nice in theory or maybe should only be done with ETF’s that aren’t ARKK. lol.

[jasvindersingh]

Exceptional video Davis learnt a lot. Your videos are the art of option trading

[leond]

Hi Davis, thanks for the informative video. Very helpful. It's would also helpful to compare against the returns of the S&P in the same period so that we know whether this strategy beats the S&P over the long run and it won't sense to trade with the strategy when you can just invest in the ETF and get higher returns. Appreciate it!

[shaunglendinning]

Another great video Davis! Appreciated as always. Cheers.

[freddrake]

Your explanations are very clear and extremely helpful. Thanks again for your content.

[artorisvideo]

Thanks for the good video. Just two questions
1) how do you account for underlying etf with skew e.g. Gold? Just trade based on 16 delta?
2) Any considerations of commission to the total credit & wing size since there's 4 leg? Having smaller wing size means less credit and commission can eat into profit

[gtcstorm]

How about just selling strangles on mini es futures ? Would like to see your thoughts.

[mommalouk]

Hello Davis, I’ve learned so much from your videos. I’m a beginner and I was wondering which etfs are best to start learning with and if I want less max loss risk is it ok to narrow the spreads ? Thank you!

[AndreiGriaznykh-hhxn]

Hi Davis. Thank you for the video. Could you tell me how to easily calculate right price to close a trade. if I build Iron Condor or some kind of Spreads and would like create a GTC limit order on 50% of profit?

[krllyy]

Davis, at16:51 you show a $6 wide IC and an assumed $1.50 credit. "Assuming" you take profits at 50%, that would be a 16.7% ROI (75/450) every 3 weeks aprox.. Has your REAL-LIFE experience borne this out ? That would double your money every 4-5 !!

[cryptocomplete]

Another great video Davis. I have watched a lot of your videos and you always look at charts to pick support and resistance levels, but it is never clear what time frame you consider. Do you have a "standard" time frame? I ask because if you look too far back in time, the highs and lows and support/resistance levels would not be the least bit applicable to the current price trading ranges. How far back do you look?

[philelmo]

So what you are saying is I should put on the IC trade and close at 21DTE no matter what. Even if I lose many in a row, in the long run I should still be profitable? Sounds like I need to put one on everyday and not miss a single day to not “miss” profits (assuming I have the capital)? Do you randomly on any given day just put on the trade? Sounds like we don’t even need to look at the chart if the stats are on our side.

[coachyamyam]

Great video. What are the chances of getting assigned early on one of the sides?

[TheClez]

Hello Davis, thanks for yet another amazing video. Would like to clarify on the ‘Max Loss’ concept where - is it only applicable if you hold the option to expiration? Recently Salesforce (CRM) stock price had way surpassed long call of my credit spread and it is currently at 19 DTE (tried waiting 2 additional days for CRM to drop but it didnt). The max loss to close the trade is way higher than the width - premium. What are your thoughts to close it higher than Max Loss or wait till expiration?